A Brigadoon unsecured business loan is easy and quick to get. Approve your loan in a matter of minutes and begin using the money for your company.
What you can expect:
The conditions for eligibility for an unsecured business loan to be made in Brigadoon are fairly minimal.
Call Now 1300 124 298The process of applying for a company loan within Brigadoon with us is easy and takes only less than a minute, with no lengthy forms or lines.
Be approved and receive your funds within 1 to 2 business days.
We aim to help Brigadoon businesses of all kinds, including medium, small and even soloprenuers to get access to quick funding so that they can take advantage of loans to expand and develop.
The criteria for eligibility for an unsecured business loan in Brigadoon of between $5K to $100K are quite minimal.
Do you require more money? Check out the conditions of eligibility for our $100K to $500K company credit.
The criteria for eligibility to be eligible for larger Brigadoon company loans of between $100K and $500K are:
Are you looking for a lower amount of money? Look over the conditions for eligibility for our $5K-$100K Brigadoon unsecured company loans.
A Brigadoon unsecured loan is great for nearly any business reason. Get in touch with us today.
Do you want to start working on one of these idea as quickly as tomorrow? Then get in touch with us now or apply online to apply the fastest, most convenient way.
All that’s required to start is your contact details (the name of your company and your name, as well as email and phone) and the amount you’d like to lend, and your monthly earnings.
During the process and before settlement we’ll need confirmation of who you are, but not for starting:
Once we’ve started with loans greater than $150,000 you’ll also require basic financial statements.
Let’s get started now.
With banks and traditional lenders restricting credit and the constant stream of alternative and non-bank loan providers that are entering the market provides the perfect source to make use of.
Brigadoon SME’s are now in a position to obtain finance via alternate lenders servicing Brigadoon who are focused on facilitating company growth or smoothing cash flow challenges. In the past, when personal credit sources (drawing equity from the house loan, or using credit cards or personal loans, as well as overdrafts) were the only alternative financing services available in Brigadoon that were available.
There’s an end to the requirement to rely on using real estate to secure company lending. With an unsecured loan, business funding is simple. Instead of a loan for a term with the bank, business finance for a small business with interest rates and loan terms that can help to manage cash flow are around as business loans.
There are many benefits in separating personal from company debt.
Reduce your risk, and make tax times much easier. Get started with an unsecure loan for business. Make an application today.
One of the main benefits of keeping your personal and business assets separate is that your house isn’t required to be tied to the funds. For a small business loan within Brigadoon up to $100K the security of assets won’t be required so long as the borrower fulfills the loan requirements.
Businesses are in a more advantageous long-term situation if they are able to demonstrate credit/debt capability.
It is crucial to separate personal from business finances makes it much more seamless in the event of tax time - particularly when determining what is the tax-deductible amount. The IRD has set out the guidelines on the proof required to claim deductions on a company’s tax return. This is an area that the IRD has specifically advised on.
A well-organised cash flow management system is crucial to the long-term viability in any company. Through keeping your personal finances and company finances distinct, companies can easily view, monitor and plan based on the ability to effectively examine their cash flow.
Brigadoon unsecured loans provides amounts of between $5,000 and $100,000. Terms range from 3 and 24 months and cash flow-friendly repayments which can be made daily or weekly.
Apply for the Small Business Loan in under 10 minutes over the phone. You’ll get a same day response and the funds could be in your account in 24 hours. Traditional business loans are based on an annual interest rate along with other charges and fees. This business loan is a pre-paid loan so you will know ahead of time the total amount payable including any interest, fees or charges. This is then broken down into weekly or daily installment amount.
It is a Small Business Loan can be used to fulfill almost any business purpose including control of cash flow company renovations, marketing for purchasing inventory or new equipment, as general working capital, and much more. The loan cannot be used for personal use.
The Larger Business Loan is a larger amount of loan to help company growth opportunities. Loans range between $100,000 and $500,000 over a fixed term with a maximum of 36 months. Repayments are scheduled weekly or fortnightly to work with the flow of cash.
It is important to note that the Larger Business Loan has an Origination Fee, calculated at 2.5 percentage of the loan amount.
In order to be eligible for a loan that is this large, your business needs to have been trading for at least 3 years, and have an annual income of $700K. Your business must belong to a New Zealand Citizen (or Permanent Resident) with a minimum age of 18 years old, own a New Zealand business (with a valid NZBN/IRD) and be able to demonstrate at minimum 12 months of business.
A larger business loan can be used to fund almost all business need, including company improvements, purchasing equipment or inventory, as general working capital and so much more. The loan is not available for personal reasons.
Asset security is necessary to obtain funding above $150,000. This is by taking a charge against assets, and may include the registration of this in the PPSR or filing a caveat.
A personal or director’s ensure is a guarantee to repay a loan which is generally based rather than specifying the security for a particular asset. The person signing the ensure is personally responsible if the business lender is not able to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online, central registry run by the New Zealand Government. It reflects security interests that are registered for personal property (including goods or assets). The PPSR allows the priority of personal property granted according to the date a security interest has been registered.
A caveat is a legal document lodged to offer the public notice of a legal claim on a property.
If you’re applying for a Larger Business Loan that exceeds $250K, we may offer a preliminary pre-approval to help simplify the process. We might be able to do this without a credit verification and within 6 hours of your initial application. The pre-approval is based upon a preliminary assessment which includes you answering some financial health checks. This is not an offer or guarantee of credit. The approval of a conditional loan is subject to a full credit assessment and any offer you might receive could be subject to different terms.
You are eligible to apply for an business loan if you
The application process is quick and easy. Just fill out the online application within a couple minutes, and an experienced company loan specialist will be in touch to guide you through the process.
To apply for up to $100,000 you’ll need proof of identity (valid Driver’s License), a valid NZBN/IRD as well as at least 6 months’ worth of bank statements.
If you’re looking for loans with larger sizes, you’ll need:
$100K – $250K: Information about the application including credit consent, 6-12 months of IRD statements, bank statements (if the loan is greater than $150K).
$250K – $500K: Application details including credit consent and 12 months of bank statements, IRD statements Last 2 years’ finalised financial statements, plus interim financial statements for the current year as well as Aged Payables and Receivables reports.
For an unsecured loan ($5K to $100K) We can usually offer an answer within an hour – as long as you apply at quality company time and let us utilise the bank verification system link to instantly verify your bank details online. If you choose to upload copies of your banking statements we can provide a decision within an company day.
For Larger Business Loans ($100K to $500K) we may be capable of provide you with pre-approval conditional to your application in about six hours. Once you’ve signed the pre-approval document, you will require to wait about 2-3 days for final approval. However, this could be shorter based upon the circumstances for each application. Some deals have been approved within the space of 24 hours.
The fastest way can be ensure you apply during standard business hours. You can also allow us to use our modern bank verification to check your bank’s information online. If you upload duplicates of your banking statements , it can take a bit longer.
For the Small Business Loan ($5K or more) We can usually provide an answer in just one hour – provided you apply during normal business times and permit us to use the bank verification system link to instantly verify your bank details online. If you choose to send us copies of your bank statements, we will be able to offer an answer in as little as 1 business day.
For the Larger Business Loans ($100K and up) We may be likely to offer you with a conditional pre-approval in around 6 hours. Once you’ve signed your pre-approval, the turnaround time is about 2-3 days for final approval. However, it could be faster based on the specifics of each application. Some transactions have received approval within just 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours, and permit us to use the modern bank verification to instantly confirm your bank details online. If you upload copies of your bank statements, it may take a bit longer.
We offer loans that range from $5,000 to $500,000. When you make an application for a particular amount, we look at a variety of variables in order to assess the health for your company and the extent of payments your business can afford. The total amount of the loan will be determined by the particular circumstances that are unique to your company.
When you apply for a particular amount, we consider a variety of aspects to assess your health of your business and the level of the repayments your business will be able to support. The total amount of your loan will be determined by the particular circumstances of your company.
If you decide to apply for business loans with us business financing, we’ll assess the risk assessment of your company and offer you with a tailored offer including loan amount, term and interest rates. The business loan is a loan that is priced upfront and you’ll be aware in advance of the total amount to be paid, including any charges, interest rates or fees.
The interest rates on company loans rates depend on a variety of factors including the amount that is borrowed, what company assets the money are used to purchase, the industry the company is in, how long the business has been in operation for, how long the business has enough cash flow to pay for the loan, and also the general well-being as well as creditworthiness company.
There are no hidden costs for our business loans, and you’ll know precisely what you need to pay, and when, from the very first day. There’s no compounding interest, and no extra fees (as long as you are able to make your payments on time).
We do not charge an application fee. You can get a cash loan with absolutely no upfront cost and no any obligation to sign up.
The Origination Fee covers the expenses involved with the setting up and management of the loan. You are only charged this fee if you decide to take the loan. Our Origination Fee is 2.5 percentage of the loan amount.
You can decide to repay the entire amount of your loan at any point in time.
If you are deciding to do this please talk to one of our helpful company loans specialists. They’ll offer you with the details of your repayment as well as an early payout amount. The figure will be calculated as the total of the principal remaining and the accrued interest up to the time of early payout plus 1.5% of the principal balance and any fees that remain unpaid.
To help you avoid missing payment dates and to align your cash flow schedule, we provide payments that are either weekly or daily. These are automatically deducted from your nominated company account.
Protecting your information, and being clear about the ways we gather information, use it, and exchange it, as well as ensure the security of your information is of paramount importance and is a crucial aspect of our relationship with you.
Yes. We utilise industry-recognised encryption techniques to protect your sensitive, personal financial information and our funders are ISO 27001 certified for our dedication to the security of our customers as well as their security. We make use of an advanced bank verification system that allows you to instantly verify your bank account details online, allowing us to offer an immediate response.
An asset-based loan is when an business owner makes use of an asset they own to get the loan. The asset may be an individual property, such as the family home or a business asset such as a vehicle as well as a piece of machine.
The majority of lending institutions, even the largest banks, are inclined to secure loans against assets. If you’re struggling to pay back the loan, then your assets could be transferred to the lender. In essence it’s means of securing new financing taking advantage of the value of what you already have.
For loans of up to $150K, it is not necessary to secure assets upfront to access the money however, we do require the personal guarantee. In the event that you fulfill the terms of your loan (as detailed in the loan contract) the security of assets will never be required. For loans over $150K generally there is a personal ensure and security that is in the form charges on assets.
While we aren’t able to help with an unsecure business loan in these industries, we may be able to assist with the secured business loan.
